Taxes – Another Friend of the Bear

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The Health Care Bill that is currently under
consideration will increase the capital gains tax rate to 24% after 2010. After
adding state tax rates that range from 6% to 10%, the combined state and
federal capital gains tax rate will range from 30% to 34% after next year,
depending upon your state of residence. There is also the possibility that
Congress will accelerate the capital gains tax rate increase to take effect as
of this coming January rather than January of 2011.

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